Advertisement
Vaishnaw said the infrastructure replacement requires major capital expenditure and the five shareholders of KRCL – Ministry of Railways, Government of Maharashtra, Government of Karnataka, Government of Goa and Government of Kerala – have been approached by the Ministry of Railways to contribute for capital expenditure or to relinquish their share in favour of the ministry.
The minister replied to questions raised by BJP MP Kota Srinivas Poojary, who wanted to know the status of merger of Konkan Railway.
“There are five shareholders in Konkan Railway Corporation Limited (KRCL) namely the Ministry of Railways, Government of Maharashtra, Government of Karnataka, Government of Goa and Government of Kerala,” Vaishnaw said.
Related Articles
Advertisement
According to Vaishnaw, to meet the capital expenditure, all the above shareholder state governments have been approached by the Ministry of Railways to contribute for capital expenditure in KRCL as per their share or to relinquish their share in favour of the Ministry of Railways.
“Only the state government of Goa has conveyed willingness to relinquish its share,” he said.